Bad feeling like a bomb is gonna go off

[so98nn]

Gut feelings dont really work in the crypto OR anywhere where the money is involved. If you have seen a movie where person goes to casino and puts roulette number and wins millions of dollars then that's just scripted one. I am just using this as an example to understand what gut feeling is and how much rich it can make you in the films. 

Now, coming back to the reality; things are way way stubborn here. Crypto can make you rich in a night or it can take years of investment and patience.

Whatever you are explaining about the stablecoins is just another normal day. They are "stable" coins and they need to be corrected in terms of valuation all the time. There is huge volume that is under buy and sell and at the same time there is unlimited supply of them. The counter forces are always nagging up and down to keep the stablecoin valued at $1. Plus dollar itself is getting little hardy these days. I think its really normal.

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[crwth]

How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

[jrrsparkles]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

Including USDT every so called stable coin will blast at one point and in my opinion the first one will be USDT cause already strong regulations resulted in auditing of they reserves and minted tokens and most likely we know they don't have enough reserves for all the tokens they were printing so don't be really surprised if they went to zero overnight. Stable centralized crypto currencies are much worse that fiat issued by governments.

[Jackl87]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

I just look af the chart of the prices of the big stablecoins in the last week or so and the statement that all of them, except USDT were well below their peg is not correct in my opinion. BUSD was at around 0.9989 for a short amount of time which means it was like 1/1000th below it's peg and that is negligible in my opinion. The same is true for the price of USDC. It dropped to only 0.9995 so it was really really close to it's peg all the time.
I also have to say though that such minor corrections should also not really be a threat to the peg of those big stablecoins. If they would alread lose 1% or more during a small correction, then this would be very very bad for the whole crypto market. I hope we don't see another big stablecoin collapsing. UST is enough for a few years now.

[wheelz1200]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

I wouldn't use looking at prices on coin market cap as a short term indicator of what is going to happen in the crypto market.  It's hard enough when solid technical analysis is being done to nail down a short term trend (and even long term).  If the market goes up or down on guilt feel it's most of the time just a mere coincidence.

[abel1337]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

I wouldn't use looking at prices on coin market cap as a short term indicator of what is going to happen in the crypto market.  It's hard enough when solid technical analysis is being done to nail down a short term trend (and even long term).  If the market goes up or down on guilt feel it's most of the time just a mere coincidence.

If you have a technical analysis that you based your plan on, I believe it is wise to follow it rather than being hooked up on sudden market price changes. We have technical analysis to guide us up or predict the market in either long term or short term. If you are doubtful about your technical analysis, It would be much better to ask advices rather than moving blindly without any precautions. Believe me that the chance you have on losing is much higher than having a reference on what's currently happening.

[Wiwo]

Am sure we should be used to thos kinds of market volatility and price instability with all coins and not only stable coins, and if I am not wrong,  even USTD use to drop to $0.99-0.98 a few times and thos should not cause any bad feelings unless you are a high bag holder and maintaining to exchange at that moment if not, the price will always correct back to $1.
- Just as we have volatility in every asset and currency we should get used to it and try to work our way around it, and not panic anytime such a market dive happens.

[TravelMug]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

I just look af the chart of the prices of the big stablecoins in the last week or so and the statement that all of them, except USDT were well below their peg is not correct in my opinion. BUSD was at around 0.9989 for a short amount of time which means it was like 1/1000th below it's peg and that is negligible in my opinion. The same is true for the price of USDC. It dropped to only 0.9995 so it was really really close to it's peg all the time.
I also have to say though that such minor corrections should also not really be a threat to the peg of those big stablecoins. If they would alread lose 1% or more during a small correction, then this would be very very bad for the whole crypto market. I hope we don't see another big stablecoin collapsing. UST is enough for a few years now.

Yes, they went below the 1 dollar pegged and it's really scary to think that it might cause a huge collapse on those stablecoins. USDC is still below at 0.99 as of this writing, so it's not yet recovered,  but in any case though, I think there is a relieved in the last couple of hours, there is a huge jump on bitcoin reaching $25k although it didn't maintain that price.

So hopefully we can go and see that this stable coins are going back to it's pegged or at least their will be no withdrawal runs.

[fuguebtc]

Are you afraid of the collapse of stablecoins? Stable coins are also altcoins, so it wouldn't be surprising if they crashed or disappeared one day. With the SEC hitting BUSD as a sign that they can do more, most likely, USDT or USDC will be their next target. Stable coins are not as safe as you think, so don't trust any coin too much. It is advisable to hold fiat instead of the stablecoin if you are unable to hold bitcoin under any circumstances.

[o48o]

Yes, they went below the 1 dollar pegged and it's really scary to think that it might cause a huge collapse on those stablecoins. USDC is still below at 0.99 as of this writing, so it's not yet recovered,  but in any case though, I think there is a relieved in the last couple of hours, there is a huge jump on bitcoin reaching $25k although it didn't maintain that price.

So hopefully we can go and see that this stable coins are going back to it's pegged or at least their will be no withdrawal runs.

I wonder where are you guys getting your numbers from.

According to coinmarketcap USDC has only once gone under $0.99 and that was 18.3.2020.

I guess some exchanges do have spikes if they don't have enough instant liquidity but Kraken (which has main trading volume for usdc hasn't got under 0.99 with usdt ur usd pair for ages.
So where it's under 0.99 and can you share the screenshot?

[lixer]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon

Thanks for the concern and warning mate but let's just hope that this occurrence is only normal because this wasn't the first time either that a stable coin can drop and there are also times like they are increasing by some percent. It was like they are also volatile same with the standard crypto but not in a greater extent. after some time they will always return on their favorite spot which is at one dollar.

There are people who already quit on using USDT because this coin has been involved in some controversy, I think even up until now so not many are worried or surprised if there are negative happenings around this coin. I think others should do the same, only to have a peace of mind.

[AakZaki]

Including USDT every so called stable coin will blast at one point and in my opinion the first one will be USDT cause already strong regulations resulted in auditing of they reserves and minted tokens and most likely we know they don't have enough reserves for all the tokens they were printing so don't be really surprised if they went to zero overnight. Stable centralized crypto currencies are much worse that fiat issued by governments.

and it's going to be worse than what we think of stablecoins. BUSD will also have the same fate when it starts to explode at one point, where stablecoins are no longer safe and unstable. there have been many real examples of stablecoins that are no longer stable and end up with extraordinary crashes.

[GreatArkansas]

How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

Seems OP got liquidated 

About the stablecoins right now, seems it's a hot issue right now on cryptocurrency market but I believe, issue on stablecoins seems just a FUD, just like what is always happening on USD Tether even since before which is FUD totally and right now on BUSD, I can say it's FUD also.

[Cling18]

How are you now OP? With the "feeling" that you have? With the past few days, it did decrease but recovered after a few days. So what do you think is the best plan right now OP?

Can you be specific with the coins that you have looked up as well? Maybe you are planning to trade specific stable coins or whatnot. I hope you took advantage of it.

Seems OP got liquidated 

About the stablecoins right now, seems it's a hot issue right now on cryptocurrency market but I believe, issue on stablecoins seems just a FUD, just like what is always happening on USD Tether even since before which is FUD totally and right now on BUSD, I can say it's FUD also.

We've been through this kind of situation before and it only keeps on repeating. We mistakenly see small corrections as a threat and fear them which is a wrong conception. So far, I don't see anything wrong with the current movement of stablecoins despite the controversies. We shouldn't listen and feel affected by lots of FUD around us.

[redsun114]

Too many people have some sort of bad feelings about the current situation or they may have an amazing hope about the future, I have to say sometimes the reality is in between. It is not going to be 10k, and it is not going to be 100k, at least not for anytime soon, the realistic approach would be somewhere between 15k to 30k in the short term for like 6 months or so, I am not saying it is impossible to have more or less, but it would be unrealistic expectation to say the least.

This is why we should be expecting it to do small movements and we shouldn't be really worried about having any kind of movement regarding this situation at all. No bomb will go off, I am sure of it.

[justdimin]

If you have a technical analysis that you based your plan on, I believe it is wise to follow it rather than being hooked up on sudden market price changes. We have technical analysis to guide us up or predict the market in either long term or short term. If you are doubtful about your technical analysis, It would be much better to ask advices rather than moving blindly without any precautions. Believe me that the chance you have on losing is much higher than having a reference on what's currently happening.

I agree that anyone who knows what they are doing, should end up learning technical analysis as much as they can, this would give them a chance to learn more about what they could do for the long run and not really meddle with their emotions when trading.

If you do not learn that, then you must be trading based on rumors or gut feeling or something that is not concrete basically. I am not saying that TA can't be wrong, of course it can be wrong, and we have seen it be wrong multiple times so far, but that doesn't change the fact that it is also a lot more secure and a lot better in the long run because if you calculate how much that makes, it's better than what you would "feel" like market would do.

[kawetsriyanto]

I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar.

Crypto has been going very dropped not only from a week ago, this is in the bullish era, so this is very normal that the price will drop and up again very significantly. But it doesn't mean that crypto is getting beat in this situation. Once more, dropped market or market correction is very normal in the crypto market, that is the chance for us if we want to utilize short trading although it will be very risky. But sometimes, there are also many people who are utilizing this situation to get profit.  Every time the crypto market is dropped, it will probably be the opposite of what happens to stable coins. Commonly they will be increasing once Bitcoin price drops. And the vice versa.

[lalabotax]

the crypto market is a kind of market that has no permanent situation. The volatility is always high. there are many times when the price will be rising up but suddenly get dropped because of certain reasons. Many people have bad feelings about the crypto market because they are worried about their assets. But, I agree very much with some statements by members here, the crypto market is volatile, and the up and down prices are normal. Moreover in this bearish era, it is very normal to see up and down prices.

[Wiwo]

Including USDT every so called stable coin will blast at one point and in my opinion the first one will be USDT cause already strong regulations resulted in auditing of they reserves and minted tokens and most likely we know they don't have enough reserves for all the tokens they were printing so don't be really surprised if they went to zero overnight. Stable centralized crypto currencies are much worse than fiat issued by governments.

and it's going to be worse than what we think of stablecoins. BUSD will also have the same fate when it starts to explode at one point, where stablecoins are no longer safe and unstable. there have been many real examples of stablecoins that are no longer stable and end up with extraordinary crashes.

I don't know why, but I am always suspicious about stablecoins and I never have the conviction in them that there are truly what they proclaim to be, we have seen how many of them have crashed in the past and at a point, the stablecoins are no different from the other pump and dump coins such as LUNA coin that sink away investors money.
-BUSD is just one of them and when the tide become against binance the same fath that happened to FTX may happen to Binance but the possibility of its extent impact will be minimum on binance compared FTX own case.
-The recent market movement in BUSD may be a clear indication of how weak the coin is and its inability to cling to its $1 peg.

[danherbias07]

It's amusing when someone is relying on their market prediction by reading the movement of stablecoins. I don't know how they do that. It's stable. Shouldn't it stay where it is with just movements of literally .01-.03? So how?
But you may be right, it is scary. We had a stagnant market for a long time and big green lights mean it could go south anytime because that's how the market behaves. What comes up must come down. Correcting. etc..
I do base it with Bitcoin though, every altcoin has a chance to be pulled down when Bitcoin starts falling again. Fingers crossed.